Authorizes local agencies to establish an authority for an infrastructure fund and financing inland port infrastructure.

Existing law authorizes 2 or more harbor agencies to establish an authority under the joint powers law, with various powers and duties, for the purpose of establishing an infrastructure fund and financing port or harbor infrastructure. This bill would authorize 2 or more local agencies to establish an authority under the joint powers law for the purpose of establishing an infrastructure fund and financing inland port infrastructure. Also, existing law, the Bergeson-Peace Infrastructure and Economic Development Bank Act, authorizes the California Infrastructure and Economic Development Bank, governed by a board of directors, to, among other things, make loans, issue bonds, and provide other financial assistance for various types of projects that qualify as public development or economic development facilities. The act defines the term “public development facilities” for these purposes as real and personal property, structures, conveyances, equipment, thoroughfares, buildings, and supporting components thereof that are directly related to providing, among other things, port facilities. This bill would revise the description of port facilities to specifically include inland ports. An “inland port” means a logistical hub that is located on a site separate from land, air, and coastal ports of entry and that is designed to facilitate and process international and domestic trade, including, but not limited to, multimodal transportation assets and goods movement value added facilities and services.

Carries-over to 2018.

02/17/2017 Read first time.
02/19/2017 From printer. May be heard in committee March 21.
03/16/2017 Referred to Assembly Committee on Local Government.
03/20/2017 From committee chair, with author's amendments: Amend, and re-referred to Assembly Committee on Local Government. Read second time and amended.
03/21/2017 Re-referred to Assembly Committee on Local Government.
09/11/2017 From Assembly Committee on Local Government with author's amendments. Amended and re-referred to Assembly Committee on Local Government. Read second time in Assembly and amended.
09/12/2017 Re-referred to Assembly Committee on Local Government.